In early trade, the rupee rises 2 paise to 78.02 versus the US dollar

In early trade on Tuesday, the rupee bounced back from an all-time low against the US dollar, rising 2 paise to 78.02. The rupee began at 78.02 versus the dollar on the interbank foreign exchange, up 2 paise from its previous close. In early trade, the native currency soared to 77.90 versus the US dollar, […]

In early trade, the rupee fell to an all-time low of 78.29 versus the US dollar

In early trade on Monday, the rupee fell 36 paise to an all-time low of 78.29 versus the US dollar, reflecting the strength of the US currency outside as investors rushed to the safe-haven currency amid an overall risk-averse mood. Investor morale was pulled down by weak Asian currencies, a lacklustre trend in local stocks, […]

Rupee falls 8 paise versus the dollar, reaching a new low of 77.82.

In early trading on Friday, the rupee fell 8 paise to a new low of 77.82 versus the US dollar, reflecting the greenback’s rise in the international market. At the interbank foreign exchange, the rupee began weakly versus the dollar at 77.81, before losing momentum to quote at 77.82, an all-time low, a drop of […]

The rupee falls to an all-time low of 77.74 per dollar

The rupee fell to a new all-time low against the US dollar on Wednesday, ending at 77.74, slightly lower than its previous close of 77.71. Despite continued foreign capital outflows and higher global crude oil prices, the local currency traded in a limited range. The previous low was set on May 19, when it closed […]

On Tuesday, the dollar struggled to find buyers as the market mood improved

The dollar struggled to find demand on Tuesday as market sentiment improved, but the benchmark 10-year US Treasury bond yield recaptured 3% early Wednesday, allowing the currency to remain reasonably resilient against its peers. Eurostat will publish the euro area’s first-quarter Gross Domestic Product (GDP) numbers. Later in the day, a 10-year US Treasury note […]

Dollar continues 20-year high vs yen amid inflation fears; Aussie falls

The dollar extended its overnight run into Asian trading hours on Tuesday, reaching new two-decade highs against the yen as concerns over continuing inflation drove up US bond rates. The dollar gained ground against the euro, pound, and Swiss franc. It also rose against the Australian dollar, with the market divided on whether the country’s […]

The rupee begins the day with a gain against the US Dollar

In early trade on Thursday, the rupee was trading higher versus the US dollar. However, due to a stronger dollar in outside markets, the immediate gain was limited. On the interbank forex market on Thursday, the rupee rose 3 paise to 77.52 against the US dollar. Meanwhile, in early morning activity on Thursday, stock markets […]

The rupee rose 5 paise to 77.52 against the dollar, as local equities continued to rise

In early trade on Wednesday, the rupee rose 5 paise to 77.52 against the US dollar, as a robust trend in local equities improved investor spirits. However, forex traders claimed that rising global crude prices and continuing foreign capital outflows restricted the local currency’s appreciation bias. The rupee opened at 77.54 against the dollar on […]

In early trade, the rupee is trading flat against the US dollar

On Tuesday, the rupee opened flat versus the US dollar, owing to a lackluster trend in domestic equity markets and continued foreign capital outflows. The rupee opened sluggish versus the dollar at 77.56 on the interbank foreign exchange, before becoming volatile and trading in a narrow range of 77.56 to 77.51. The native currency was […]

The dollar takes a break as US yields drop ahead of CPI

The US dollar’s rally came to a halt as the DXY index dropped to 103.5 before the release of April’s US Consumer Price Index (CPI) numbers, while Treasury yields fell as investors switched away from a turbulent stock market amid fears about global growth and a potential inflation peak. The Japanese yen (JPY) and Swiss […]